https://www.taxtmi.com/caselaws?id=186056 The court upheld the validity of notices issued under Section 143(2) of the Income Tax Act, 1961, for regular assessments for the Assessment Year 1995-96. It affirmed the Assessing Officer's jurisdiction to issue such notices without providing reasons and clarified that regular assessments are separate from block assessments under Chapter XIV-B, allowing both processes to proceed independently without concerns of double taxation. The court dismissed fears of penalties on undisclosed income from block assessments and denied the petitions, refusing to grant a certificate for appeal to the Supreme Court. en-us Mon, 23 Mar 1998 00:00:00 +0530 Tue, 06 Sep 2016 16:28:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186056 The court upheld the validity of notices issued under Section 143(2) of the Income Tax Act, 1961, for regular assessments for the Assessment Year 1995-96. It affirmed the Assessing Officer's jurisdiction to issue such notices without providing reasons and clarified that regular assessments are separate from block assessments under Chapter XIV-B, allowing both processes to proceed independently without concerns of double taxation. The court dismissed fears of penalties on undisclosed income from block assessments and denied the petitions, refusing to grant a certificate for appeal to the Supreme Court. Case-Laws Income Tax Mon, 23 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186056